Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Receives Consensus Recommendation of “Hold” from Brokerages

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has earned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $88.7778.

A number of research analysts have recently weighed in on the company. UBS Group set a $71.00 target price on Cognizant Technology Solutions in a report on Friday. Royal Bank Of Canada upped their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Citigroup reissued a “neutral” rating and issued a $86.00 price target (up from $75.00) on shares of Cognizant Technology Solutions in a research report on Thursday, January 22nd. Susquehanna reaffirmed a “positive” rating and set a $98.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Monday, January 26th.

Insider Buying and Selling at Cognizant Technology Solutions

In other news, Director Michael Patsalos-Fox sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $84.23, for a total value of $168,460.00. Following the transaction, the director owned 29,729 shares in the company, valued at $2,504,073.67. The trade was a 6.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Surya Gummadi sold 1,728 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $83.06, for a total value of $143,527.68. Following the completion of the transaction, the insider directly owned 25,641 shares of the company’s stock, valued at approximately $2,129,741.46. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 16,809 shares of company stock worth $1,423,037. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Cognizant Technology Solutions

A number of hedge funds have recently made changes to their positions in CTSH. Brighton Jones LLC purchased a new position in Cognizant Technology Solutions in the fourth quarter valued at about $214,000. Geneos Wealth Management Inc. increased its stake in shares of Cognizant Technology Solutions by 118.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 569 shares of the information technology service provider’s stock worth $44,000 after purchasing an additional 309 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Cognizant Technology Solutions in the 1st quarter worth approximately $142,000. Cetera Investment Advisers raised its holdings in shares of Cognizant Technology Solutions by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 43,576 shares of the information technology service provider’s stock worth $3,400,000 after purchasing an additional 1,518 shares during the period. Finally, Intech Investment Management LLC lifted its stake in Cognizant Technology Solutions by 3.3% in the second quarter. Intech Investment Management LLC now owns 20,062 shares of the information technology service provider’s stock valued at $1,565,000 after purchasing an additional 644 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Cognizant Technology Solutions Trading Up 0.4%

NASDAQ:CTSH opened at $61.32 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.14 and a quick ratio of 2.14. Cognizant Technology Solutions has a one year low of $60.03 and a one year high of $87.03. The company has a market cap of $29.33 billion, a PE ratio of 13.48, a PEG ratio of 1.32 and a beta of 0.99. The firm has a 50-day moving average of $73.20 and a 200-day moving average of $73.72.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. As a group, equities research analysts expect that Cognizant Technology Solutions will post 4.98 EPS for the current fiscal year.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, February 18th. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. Cognizant Technology Solutions’s payout ratio is currently 29.01%.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.